Quote: MDawgHowever I’m selling 10 at a little above $100K just so that I may be a BTC Millionaire in fiat not just on paper.
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Now that it is again below <100 selling those 10 doesn’t seem like such a bad thing.
These days waiting about a half hour from the bell usually is sufficient to hit a good dip and make easy money. Of course keeping tracking of the stock’s chart, market in general and other factors that come with experience all weigh in.
META is a good buy on dip trading stock this week. Been making a lot consistently, trading it.
I did predict the BTC drop to 95K.
Quote: MDawgMETA remains an easy stock to trade daily on the dips. Just wait about a half hour after the bell and be mindful of the chart.
I did predict the BTC drop to 95K.
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Like buy at $596 then sell at $612? That’s just today. Did you do such a trade today!?!
Quote: MDawgI don’t trade daily and lately I might not even trade weekly.
Most early mornings (before the bell) I scan for a good trade but I pull the trigger only if it’s a very high probability win what gamblers call “a sure thing.” Many times I’ll put in an order and not even get a fill because the price entered is just so good that if achieved I’m practically guaranteed a profit, but that is the nature of standing by for high probability trades only. Yes I miss out on a lot of potential profit but I also miss most any potential losses.
Before the bell I put in an order for a buy long on RDDT at 223 but it never quite dropped that low. Missed by about a half a point. RDDT is over ten points higher now.
Point being that the way I trade I might make zero some days due to inactivity. Over all success rate remains 100% but to answer your question about whether I could do this for a living and nothing else - yes, but within the confines of no assured income. I’m not like that broker who churns - I trade very selectively.
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Of course I would have done just fine buying META at 603 today, but if I don't get the lowest low or close, of the day (so far), I pass. It's easy of course to note what is the lowest low of the day (so far), but knowing whether that is the point at which to pull to trigger, is quite another thing. That knowledge comes with great experience. However, it doesn't take much to look at the stock META today at 603 and see that it had been much lower already.
Of course all the time I am looking at the stock's chart for the day, past five days, and maybe also month (or longer), plus the market in general, but that is my general bottom buying thought process.
Others don't like to anticipate a bottom or buy below the lowest dip of the day, and instead buy only after the stock has commenced its reversal. That does work, but not as frequently as my method. I find that the reversal is sometimes just a head fake and the stock then dips even lower after recovering a couple of points. Plus, if you'd just gotten the bottom, two points later you'd already be out or assured of a profit, instead of just now entering.
Quote: DRichI did something crazy yesterday. I sold the majority of the stocks that I have in my Etrade account and put almost all of it in one stock. I now have about 80% of my account invested in a stock called FOUR that I really like. I used to own a good chunk of it but sold half last year at $111. For the rest of that week it kept going up and I was kicking myself when it it $125. Yesterday it was down to $75 so I went all in. I will be very surprised if it is not up at least 25% within the year.
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Although DRich is a long term owner, the analysis mentioned above still applies.
D Rich says he bot into FOUR at 75 because it dipped to that on September 30, 2025.
Looking at nothing but the charts prior to that, his analysis was sound because over the course of the year, the last time it dropped that low was around April 7th, although it did drop lower than that, to 72.5 on April 4th.

If I were bent on buying this stock, I probably would have waited until it dipped to around 71, "lower than its lowest low," but the difference between 75 and 71 for a long term hold isn't significant. However, if I had put in an order to buy at 71, and then noticed that the stock was tanking like that, I would have unloaded most likely when it recovered to anywhere near 80 or so lately, but then I would not have been trying to hold it long term. The stock did pop to close to 80 a few times, although it has not closed at or near 80 in a while.
But you may see how basically DRich's analysis of an entry point for FOUR mirrors what I am saying as far as short term trades, too.

